Bitcoin Extends Decline Below $63K📉
Macro Drivers: 👇👇
↔️Tariff Fallout: Trump’s new tariffs ripple through logistics, with FedEx suing over refunds post-Supreme Court ruling.
↔️AI Sector Shock: Updates from Anthropic/Claude hit IBM and cybersecurity stocks, dragging risk assets.
↔️Risk-Off Mood: Broader de-risking across equities and crypto continues.
↔️ETF Flows:
Persistent outflows from $BTC /$ETH ETFs for several weeks.
➡️ Year-to-date bleed: $4.5B withdrawn.
➡️Whale selling adds pressure, while $7.7T in sidelined funds highlight potential dry powder if sentiment shifts.
↔️Price Action:
Trading around $63,000–$63,200 (down 3–4% in 24h).
Brief dip to $62,900 reported.
Currently ~50% below all-time highs.
↔️Market Outlook:
➡️ Analysts warn of risks to $60K support, with bear-case scenarios eyeing $50K.
➡️ Some see rebound potential if macro conditions stabilize and ETF flows reverse.